Bitcoin Forum

So I'm a complete newbie at this new business of Bitcoin and other coins... And since I don't know shit about mining, I decided to take it easy first... I started playing Pocket Dice, and transfered to my wallet 0.00045 BTC... So I kinda made money without rly investing...
Now I discovered this Fast Mining which gives you 20GHs for free, and its kinda going... So, should I wait for it to raise enough to invest more, or start investing real cash? And where?

your first thing that you did was gambling and that is not an investment and you can not make money that way. you got lucky one time and made some small profit, but it won't last.

and what you are asking is about investing in a cloudmining website, and from what you said (giving GHS for free) it seems like you have found a scam Ponzi scheme (most cloudmining sites are scam) and your answer is no, do not invest in that. if it is free and pays you enjoy it but do not give your money to them.

So ignoring the schemes, is there any good cloudmining website that I can trust to invest on?

If you understand basic market, an idea of supply and demand i would go with trading on exchanges with altcoins. Following the trends on the coins or pump n dumps can be quite profitable to you. I recommend c-cex.com (http://c-cex.com) for those. You trade altcoins for bitcoin there mostly.

not that i know of.
these days difficulty is a lot higher than two years ago where there were legit cloudmining service, and  a high difficulty makes making profit hard.

you can check the services discussion board and https://bitcointalk.org/index.php?topic=878387.0 topic but generally speaking 99.9% of cloudminnig services are scam and that 0.1% is legit but not profitable.

First decide how much time you'll allow for profit making with bitcoin. Check the market, try to understand ups and downs of market.
Recent bitcoin market is again looking bullish. Last week prices were slumped. It is better purchase few bitcoins/satoshi as per convenience. Investing or trading is bit time consuming. For trading you will have to understand how trading works and do some trading. Improve yourself with each trade. For Investing finding and verifying a real deal is real time-consumer.

The only good way of investing in bitcoin is waiting. Waiting for the price to go down hopefully under 700 and if it does this is a golden opportunity to buy and hold the coin until it raises in value, as in long term I and many other users here are pretty sure it will raise in value. You can sell back then making profit or holding to see an even higher price.

All other websites which offer you 20GHS or 10 or 15 GHS for free have a history of turning into scam sooner or later so it's really advisable you stay away or you risk to lose all of your coins you invest in there.

I think it was a good idea. You should try with a free way to investment, before really putting your money. If the free way the results look pretty good. do not hesitate to put your money on the investment site. I think the best current investment options you could try joining the altcoin project (ICO).

Even i am also newbie like you why can you directly invest your into gambling without knowing anything, it's better for you first learn things how it works for you, don't rush for money by earning fastly. Try to learn more things about bitcoin it is completely new technology with lot of new things in it.

you do not know about the gambling but you tried to do it  and You are very daredevil man.
I think before investing to anything online , You need to learn about it then make a test how well you can do?

To hard to trust cloud mining sites this days.  Remember hash ocean mining site,almost 2 years of operation and it end up because bitcoin pump  its price. For now you better stay away on any cloudmining websites.

Yes,i cant see any reason to invest on cloudmining sites even on those who are still running until now because of the mining difficulty its not really profitable as of these days.Dont invest on cloud mining sites if you dont like for your money to be scam.

Beware of these cloudmining schemes. The are not a legitimate servce and they don't really have a mining farm like they claim where they are getting those ghs that people purchase.
Do not invest or you'll just waste all your earned coins. It's better if you'll just save it an wait for a price rise or maybe start in trading. There is no such thing as easy money so inveting is a no no specially in the bitcoin industry where ponzi will pop up almost anywhere.

About 99% of cloud mining sites are just ponzi schemes where they end up scamming people. Fast mining is you giving you free GHs   just to gain your trust. Would be best if you avoid reinvesting over there. Better off investing in a legitimate casino while holding your coins. You sure will make profits after a while.

Hey! Welcome to bitcoin.
As you are a complete newbie so i will give you some good and straight suggestions and you should follow them if you don't want to lose any money.
The very first thing i would say would be to stay away from cloud minings and all such sites which promise you big returns. I wont suggest you not to gamble as that is your own choice if you know what the outcome can be. And also, first of all try to learn some things about bitcoin and then think of investing money anywhere.
Cheers.

Fast mining? What is that? Is that a cloudmining investment? If its cloudmining. Investing in a cloudmining is not profitable anymore. Its not worth the money you invest. It may take a long time to return your roi back. Also, i never heard Fast Mining before. If you decided to invest in a cloudmining. Make sure you choose the good.one. Theres a lot of cloudmining scams out there. Hashflare and genesis are legit cloudmining. You should go there. You need to be patient because like i said it takes a long time to get back the money you invested.

Don't put your money in a mining schemes that offers you free things, it is likely a scam.

If you really want to go for investing you should make some research before, especially about the company. It is not worth the risk to go for the highest returns if you lose it all in a scam.

I can suggest you some mining websites where you can mine 1 bitcoin per day for free but in order to withdraw your mined bitcoins, you have to pay 1.5 bitcoins. Is it a good investment? NO, it is called scam.

Please invest your time before investing your money and don't waste it in gambling, you can lend it to the trusted members on bitcointalk or even on p2p lending sites. Think twice before investing and study about investment options.

Here you need to understand about the mining .
mining is no more profitable now , but  somewhat profitable in China because of low coast of electricity , Now here many sites are offering there website service for cloud mining which is about 99% sites are scam but some of them are legit but at legit sites usually it will take about 2-3 years for your return of investment .
So here I will advice you to don't invest your money  in mining .
If you want to investment then make investment in bitcoin buy and use your bitcoin for trading .

Agree on both, gabling is not investment and giving money to scammers is not investment also.
I would be more cautious in future. Best investment and safest investment for bitcoin is to hold it. Thats it.

I want to like you did '' to hold bitcoin '' but I am always afraid when I saw the price on market when broke a lot
do you have any suggestions to withstand fear to sell?

it is very normal for beginners,, My advice if you can not hold your bitcoin for a long time
you can try learn to trade. you can sell and buy bitcoin to find one do you think will benefit,, so yeah this plan have some risk if you cant be patient

Before you invest you should understand first the system and why you should put your hard earned money into that specific investment because if you dont have any idea there's a lots of possibilities that you will be scam or like what you have said you will be carried away of your fears when whales start shaking the market, the more you understand the game the more possibilities to earn.

The time you spend will give the better possibility to stay away from scams. These days lot of users before understanding the true growth of bitcoin as an investment simply invest in long term schemes and earn very less profit compared to the short term earning from bitcoin as a investment commodity.

cloudmining is usually a lie, so why bother trying to get a cheap contract to get you less than what you would do with your own tools?

Like many others here have already said, cloudmining is a scam.
In my eyes all investment options with bitcoins are (not trading, I do not consider that to be an investment).
If an offer sounds too good to be true, it always is.
Cloud mining services get their profit out of the greed of the people... don't feed them.

In investing, all you need is braveness and believe on the market that it won't fail you. If you will just feel scare whever its rate goes down, don't tolerate yourself to carried away, otherwise, it'll result a negative profit. It has the same perspective in a long term investment in forex. You will just lose your money, once you sold your shares at lower price than price you biught that shares.

All you need is to research the site before investing, you need braveness and intelligence to invest and the market won't failed you if you know how to invest properly, and the greatest investment for me now is to hold bitcoin, it is more secure than you try to invest in other investment, my second option is to invest in casino, when investing you need to know that there is a risk of losing money, so be careful

For some reason, I believe OP made some small profit using the gambling website's faucet.
Faucets are not worth it, I know this from personal experience.
Do you have any skills? You can put up an add in the services section.
Do you like to post here? You can join a signature campaign once your rank grows.
You can always buy at an exchange (must be 18+ :'() and hold, just don't keep your funds on a web wallet, and remember to keep most of them in cold storage.

This will not work for this guy, because he was exposed to the "quick cash" route to success. He was lucky at gambling and then he looked

for the next option where the least amount of effort is needed to make money, or to loose it. Bitcoin is a currency, NOT a "Get rich quick"

scheme. You can also use it as a commodity and trade with the bitcoins you earned or bought, but that will take some effort. You do not

get MONEY {bitcoins} for nothing.... you have to work for it.  ;)

To make it in life you most be patient to do something worthwhile. In bitcoin there are many ways you can have a good return on investment. Though, there are many ways you most understand that ponzi investment is not one of the way. My advice to anyone's interested in making money through bitcoin are:
1. Purchased mining tools and software. Go into mining you  will need to calculate your costs like electric, cooler, e.t.c
2. Trading bitcoin with other altcoin. You need to develop your skills and knowledge on forex trading, formalized yourself with both technical and fundamental analysis.